Raab & Moskowitz Asset Management LLC lowered its stake in The Home Depot (NYSE:HD) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,987 shares of the home improvement retailer’s stock after selling 850 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in The Home Depot were worth $1,892,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in HD. Greenwood Gearhart Inc. lifted its position in The Home Depot by 4.6% during the fourth quarter. Greenwood Gearhart Inc. now owns 38,113 shares of the home improvement retailer’s stock valued at $7,224,000 after buying an additional 1,666 shares during the period. Pinnacle Wealth Planning Services Inc. purchased a new position in The Home Depot during the fourth quarter valued at $112,000. Oak Grove Capital LLC purchased a new position in The Home Depot during the fourth quarter valued at $583,000. RiverPoint Capital Management LLC lifted its position in The Home Depot by 11.1% during the fourth quarter. RiverPoint Capital Management LLC now owns 32,007 shares of the home improvement retailer’s stock valued at $6,066,000 after buying an additional 3,206 shares during the period. Finally, Monroe Bank & Trust MI lifted its position in The Home Depot by 19.6% during the fourth quarter. Monroe Bank & Trust MI now owns 1,779 shares of the home improvement retailer’s stock valued at $239,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 70.73% of the company’s stock.
Several equities analysts have commented on HD shares. Credit Suisse Group set a $222.00 price objective on The Home Depot and gave the company a “buy” rating in a research report on Wednesday, February 21st. Bank of America reissued a “buy” rating and set a $190.60 price objective (down previously from $219.00) on shares of The Home Depot in a research report on Tuesday, February 20th. Citigroup reissued a “buy” rating and set a $219.00 price objective (up previously from $213.00) on shares of The Home Depot in a research report on Wednesday, February 21st. Zacks Investment Research lowered The Home Depot from a “hold” rating to a “sell” rating in a research report on Tuesday, April 24th. Finally, Morgan Stanley set a $210.00 price objective on The Home Depot and gave the company a “buy” rating in a research report on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $195.95.
In other The Home Depot news, EVP Ann Marie Campbell sold 37,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the completion of the sale, the executive vice president now directly owns 53,459 shares in the company, valued at approximately $9,957,273.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregory D. Brenneman purchased 16,827 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were purchased at an average price of $178.29 per share, with a total value of $3,000,085.83. Following the completion of the purchase, the director now owns 46,332 shares in the company, valued at $8,260,532.28. The disclosure for this purchase can be found here. In the last three months, insiders sold 214,576 shares of company stock valued at $39,731,257. 0.25% of the stock is owned by insiders.
Shares of The Home Depot opened at $185.33 on Friday, MarketBeat.com reports. The Home Depot has a fifty-two week low of $186.51 and a fifty-two week high of $189.07. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 14.37. The stock has a market capitalization of $217.65 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.
The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.03. The Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The business had revenue of $24.95 billion during the quarter, compared to analyst estimates of $25.17 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. The Home Depot’s revenue was up 4.4% on a year-over-year basis. sell-side analysts forecast that The Home Depot will post 9.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.22%. The Home Depot’s dividend payout ratio (DPR) is 55.23%.
The Home Depot Profile
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